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Under Armour clothing on a display in a sporting good store.
Justin Sullivan | Getty Images
Under Armour shares soared in premarket trading Tuesday after the retailer reported fiscal third-quarter earnings and sales that trounced analysts’ estimates.
That prompted Under Armour to raise its expectations for the full year.
The company’s stock was recently up more than 11%.
Here’s how Under Armour did compared with what analysts polled by Refinitiv were expecting:
- Earnings per share: 31 cents adjusted vs. 15 cents expected
- Revenue: $1.55 billion vs. $1.48 billion expected
Under Armour shares are up about 28% year to date, as of Monday’s market close. The company has a market cap of $10.3 billion.
Find the full earnings press release from Under Armour here.
This story is developing. Please check back for updates.
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